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Thread: Stop Loss

  1. #31
    Join Date
    Dec 2014
    Posts
    545
    Stop loss is a very important tool to use for every kind of trader. Even if you are a scalper to catch some pips, you should always set an emergency or backup stop loss in order to avoid bigger losses.

  2. #32
    Quote Originally Posted by forexcrisp View Post
    Stop loss is a very important tool to use for every kind of trader. Even if you are a scalper to catch some pips, you should always set an emergency or backup stop loss in order to avoid bigger losses.
    For scalping one thing should be kept in mind that news release timings are not good for this style and stop loss will help to prevent from loss of too many pips so it is really helpful in that timings.

  3. #33
    Join Date
    Mar 2015
    Posts
    517
    Quote Originally Posted by forexcrisp View Post
    Stop loss is a very important tool to use for every kind of trader. Even if you are a scalper to catch some pips, you should always set an emergency or backup stop loss in order to avoid bigger losses.
    It is important tool to limit loss but not all traders like to use stop loss in trading especially scalpers. You're right that stop loss can stop position from bigger losses but scalpers prefer to cut loss manually because scalpers should make quick decision accurately so cut loss usually is usually becoming choice scalpers. But it is good consideration to use stop loss when traders are scalping in wild condition of market, in order to stop bigger losses when the market is changing to become trending in short time.

  4. #34
    Join Date
    Dec 2014
    Posts
    545
    It is some thing that differs a successful trade from an unsuccessful trader. If you don't use stop loss your full account will be open to the forex market and then any thing can happen, mostly bad things happen more.

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